Surge Component (OTCMKTS:SPRS) Sees Large Drop in Short Interest

Surge Component (OTCMKTS:SPRS) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 108 shares, a drop of 70.2% from the September 30th total of 363 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 848 shares, the days-to-cover ratio is presently 0.1 days.

Surge Component Price Performance

Surge Component stock opened at $3.23 on Wednesday. Surge Component has a twelve month low of $2.70 and a twelve month high of $4.30. The company’s 50-day moving average price is $3.86 and its two-hundred day moving average price is $3.61.

Surge Component (OTCMKTS:SPRS) last issued its quarterly earnings data on Wednesday, October 14th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $10.09 million for the quarter.

Surge Component Company Profile

Surge Components, Inc is an electronic components company that supplies products used in a variety of electronic and electrical applications. Its offerings include passive components such as capacitors, resistors and inductors, as well as circuit protection devices, switches, batteries, connectors, transformers and related products.

The company serves original equipment manufacturers, contract manufacturers, distributors and other commercial customers that require electronic components for the production and maintenance of electronic equipment.